Common Education Loan Scams in India | GyanDhan
Did you know that in 2023, the CEO of a Bengaluru-based education loan assistance firm Geeklurn, was arrested for cheating almost 2,000 students of almost INR 18 crores? Well, undoubtedly education loans help students cut through the huge cost of pursuing higher education, both in India and abroad. But as the need for student loans increases, so does the chance of being a victim of loan fraud. Scammers take advantage of parents and students by offering fast loans, cheap or no interest rates, and approval guarantees, only to vanish after obtaining sensitive personal information or an advance payment. This blog will cover the most prevalent kinds of college loan fraud, actual cases, and advice on how to stay clear of them.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/education-loan/education-loan-scams